$QNT Five consecutive bearish daily candles, down a cumulative 17.35% over that period, and up 0.8% so far today.
Let's use these figures to talk about consecutive gains and losses.
Before the day's candlestick has closed, its color can change at any time: if the price crosses back over to the other side of the opening price during the session, a bullish candle can turn into a bearish one, or vice versa.
Rushing to catch a falling knife after a losing streak, or chasing highs after a winning streak, are both common impulses. It's better to first think through what you'll do if your judgment is wrong before taking action.
Indicators can fail, but risk management shouldn't be skipped: thinking through how to respond if you're wrong matters more than guessing whether you'll be right.
#QNT
Let's use these figures to talk about consecutive gains and losses.
Before the day's candlestick has closed, its color can change at any time: if the price crosses back over to the other side of the opening price during the session, a bullish candle can turn into a bearish one, or vice versa.
Rushing to catch a falling knife after a losing streak, or chasing highs after a winning streak, are both common impulses. It's better to first think through what you'll do if your judgment is wrong before taking action.
Indicators can fail, but risk management shouldn't be skipped: thinking through how to respond if you're wrong matters more than guessing whether you'll be right.
#QNT